NOT LISTED FOR SALE
5 Beds
3 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold August 06, 2021

Last sale price $453,500

2 Days on Market

Highlights

  • Brownstone
  • Balcony
  • Patio
  • Fairview Elementary School Rated 9+
  • Porch
  • Paved or Partially Paved Lot

About This Home

As of August 2021

This consistently Maintained 5 Bedroom, 3 Bath Three Flat is an investors dream. It is located in a desirable location close to downtown Mt. Prospect restaurants, shops, fitness centers, library, post office Metro Station, and more. Great Schools, beautiful parks and recreation areas include nearby Melas Park and Dog Park as well as bike and fitness trails. Newly replaced sewer Line to street in 2020. Parking area seal coated in 2020. Back stair, patio and sidewalks replaced in 2008 and are in great shape. Long term, great paying tenants in all 3 apartments spell a great revenue generating investment for the right landlord. 3 Flat sold on as is basis.

Last Agent to Sell the Property

Charles Burns

Total Solutions Real Estate LLC License #475140938 Listed on: 06/21/2021

Co-Listed By

Paris McDonald

Real People Realty License #475195000

Last Buyer's Agent

Elizabeth Muscare

Rooney Realty Ltd. License #475100949

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,895

Year Built

  • Built in 1957

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 58 x 125.5 x 58 x 125.2
  • Paved or Partially Paved Lot

Home Design

  • Brownstone
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Off Alley Parking
  • Parking Included in Price

Outdoor Features

  • Balcony
  • Patio
  • Porch

Schools

  • Fairview Elementary School
  • Lincoln Junior High School
  • Prospect High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $300
  • Insurance Expense $3,000
  • Maintenance Expense $1,800
  • Trash Expense $600
  • Gross Income $36,000
  • Net Operating Income $19,804

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,895

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Brownstone
  • New Construction: No
  • Year Built: 1957
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Balcony, Patio, Porch
  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • OpenParkingSpaces: 6
  • Parking Features: Off Alley
  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 600
  • Other Expenses $: 600
  • Trash Expense Year: 2021

Schools

  • Elementary School: Fairview Elementary School
  • High School: Prospect High School
  • Middle/Junior School: Lincoln Junior High School

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 58 X 125.5 X 58 X 125.2
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 19804
  • Insurance Expense: 3000
  • ElectricExpense: 300
  • GrossIncome: 36000
  • Maintenance Expense: 1800
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 9895.26
  • Tax Year: 2019

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2021 08/06/21 Sold $453,500 +3.1% --
06/24/2021 06/24/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $440,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11129941

Midwest Real Estate Data (MRED)